by our College Data Analytics TeamThe majority of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Parkland College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can Parkland College provide, and just what are you going to be eligible for? Keep reading for answers. Read on to see how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Parkland College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Parkland College, 66% of first-year full-time students received aid of some kind some 418 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $7,244 |
| Institutional grants & scholarships | 15% | $2,464 |
| Federal Pell grants | 40% | $5,286 |
| State/local grants | 36% | $3,179 |
| Federal student loans | 22% | $3,191 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, roughly 33% of undergraduates were awarded grant or scholarship aid averaging $6,620 (among about 2013 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $6,620 |
| Federal Pell grants | 25% | $4,354 |
| Federal student loans | 13% | $3,251 |
For students living on campus and receiving title-IV aid, grants averaged $6,947.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,054 |
| $30,001 – $75,000 | $7,981 |
| Over $75,000 | $11,872 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $8,048 |
| Off-campus title-IV students | $8,271 |
For an estimate tailored to your family circumstances, see Parkland College’s official net price calculator: web.parkland.edu/netpricecalculator/.
Graduating students at Parkland College carry a median federal student debt of $5,250 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,250 |
| Median federal debt (graduates only) | $8,548 |
| Typical 10-year monthly payment (graduates) | $90.62/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at Parkland College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,250 |
| 75th percentile | $8,000 |
| 90th percentile (highest-debt students) | $12,124 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $4,900 |
| Middle income | $5,250 |
| High income | $5,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,250 |
| Continuing-generation students | $5,250 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,250 |
| Independent students | $5,250 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Parkland College.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Parkland College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 20521 |
| Total Stafford loan amount | $138,603,320 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 51 |
| Total GI Bill amount | $243,802 |
| Average GI Bill amount per recipient | $4,780 |
References
More about our data sources and methodologies.